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The sustainability of public finances and fiscal policy coordination in the EMU
Hagen, Jürgen von - 2010
The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries … the internal market of the EU. This would increase the wedge between members and non-members of the euro area …
Persistent link: https://www.econbiz.de/10008664982
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What do deficits tell us about debt? : empirical evidence on creative accounting with fiscal rules in the EU
Hagen, Jürgen von; Wolff, Guntram B. - 2006
Fiscal rules, such as the Excessive Deficit Procedure and the Stability and Growth Pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this depends on the...
Persistent link: https://www.econbiz.de/10010366529